GraniteShares 2x Long META Daily ETF

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Meta Platforms Inc. is laying off 8,000 employees, about 10% of its workforce, starting May 20, despite reporting record profits of $56.31 billion in Q1 2026. The layoffs are part of a strategy to redirect funds towards AI investments, with capital expenditure forecasted between $125 billion and $145 billion. While analysts maintain positive price targets, internal morale is low, and compensation disparities are growing. More layoffs are anticipated in the latter half of 2026 as Meta adjusts to its new operational strategy.

- Meta Platforms Inc. is laying off about 8,000 employees and canceling 6,000 open positions, despite posting record profits in early 2026.  
- The cuts are part of a strategic shift to redirect funds towards AI initiatives, reflecting the company's focus on operational efficiency rather than financial distress.  
- Internal morale is reportedly low, which could impact talent retention, while analysts maintain a bullish outlook with significant price targets despite the stock's underperformance.

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Meta's 8,000 Job Cuts To Foot The $145B AI Bill

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Meta Platforms is shifting 7,000 employees into new AI roles as part of a major workforce restructuring, while also planning to cut about 10% of its staff. This move aligns with CEO Mark Zuckerberg's strategy to prioritize AI, investing heavily in data centers and custom chips for advanced models. Despite the layoffs, META stock has a Strong Buy consensus rating, with a target price suggesting a 33.79% upside potential.

- Meta Platforms (META) is reallocating 7,000 employees to new artificial intelligence roles as outlined in an internal memo from Chief People Officer Janelle Gale.  
- The restructuring includes a workforce reduction of about 10%, or 8,000 workers, to manage AI spending while enhancing efficiency.  
- This shift underscores CEO Mark Zuckerberg's commitment to making AI central to Meta's strategy, as the company invests in advanced models and infrastructure amid increasing competition in the tech industry.

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META Shifts 7,000 Workers into New AI Roles as Part of Major Shake-Up

Meta is launching a series of new AI glasses features designed to offer a more intuitive and convenient hands-free interaction experience. According to Jin10, these advancements aim to enhance user engagement by integrating cutting-edge technology into everyday eyewear.

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AI TRENDS | Meta Introduces New AI Glasses Features for Enhanced Interaction

Meta is set to lay off 10% of its workforce, approximately 8,000 employees, as part of a shift towards AI technology. Employees are anxious about the impending layoffs, with many fearing job loss due to AI advancements. This follows a trend in the tech industry, where over 100,000 workers have been laid off this year. The layoffs reflect a broader concern about the impact of AI on white-collar jobs, particularly among younger workers with student debt.

- Meta is poised to lay off 10% of its workforce, approximately 8,000 employees, in a restructuring effort focused on reallocating resources toward AI technologies.  
- Employees are experiencing heightened anxiety as they await confirmation of their job status, amidst a widespread trend of layoffs in the tech sector that has affected over 100,000 workers globally since January.  
- The impending layoffs at Meta reflect broader industry shifts, with substantial cuts also seen at companies like Amazon and Block, intensifying fears of job displacement due to AI advancements.

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D-Day For "Huuuge" Meta Layoffs Looms As AI Job Apocalypse Accelerates

Scale AI, sold to Meta for $14 billion, is thriving under new CEO Jason Droege, with revenue expected to surpass $1 billion this year. Following founder Alexandr Wang's departure, the company shifted focus from traditional data labeling to building AI applications for major enterprises and public sector clients. This strategic pivot, along with a significant annual payment from Meta, has contributed to a revenue increase from $870 million to nearly $1 billion in the past year.

- Following the departure of Scale AI founder Alexandr Wang, the company, now led by CEO Jason Droege, is projected to surpass $1 billion in revenue this year, rebounding from uncertainty.  
- The $14 billion deal with Meta, which allowed Wang to transition to a new role, initially caused turmoil within Scale AI but has since led to significant collaboration and growth in AI applications.  
- While Scale AI focuses on expanding its enterprise AI services, it faces challenges and competition in the evolving market, with plans for a potential IPO on the horizon.

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After being sold to Meta for $14 billion, Scale AI is actually thriving.

MGO One Seven LLC increased its stake in Meta Platforms, Inc. by 2.8% in Q4, acquiring an additional 1,502 shares, bringing its total to 54,356 shares valued at $35.88 million. Other hedge funds, including Vanguard and State Street, also raised their positions in Meta. The stock opened at $614.23, with a market cap of $1.55 trillion and a recent earnings report showing strong revenue growth and EPS exceeding estimates.

- MGO One Seven LLC increased its stake in Meta Platforms, Inc. by 2.8% in Q4, owning 54,356 shares valued at approximately $35.88 million.  
- Other hedge funds like Vanguard Group and State Street Corp also raised their positions in Meta during recent quarters, indicating growing institutional interest in the stock.  
- Meta recently reported earnings exceeding estimates, generating significant revenue growth and maintaining a strong market position amidst ongoing investor scrutiny and regulatory challenges.

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MGO One Seven LLC Buys 1,502 Shares of Meta Platforms, Inc. $META

Meta is set to implement a major restructuring on May 20, according to PANews, citing reports from Cointelegraph and Reuters. The company plans to reduce its global workforce by 20% and reassign 7,000 employees to positions related to artificial intelligence.

Thomson Reuters

Meta to Undergo Major Restructuring with Significant Workforce Changes

Meta will cut approximately 8,000 jobs in May as part of a restructuring linked to a significant AI investment, despite reporting record Q1 profits. The company's capital expenditure guidance for 2026 has increased to $125-$145 billion due to rising component costs and expanded data center projects. Employee morale is declining due to pay cuts and job insecurity, raising concerns about talent retention.

- Meta is cutting roughly 8,000 jobs in May despite reporting record Q1 profits, as part of a major restructuring tied to AI investment.  
- The company's capital expenditure guidance for 2026 has increased to $125-$145 billion due to higher component costs and expanded data center projects.  
- Growing employee dissatisfaction over pay cuts, AI-driven performance demands, and job insecurity raises concerns about long-term talent retention.

Meta to cut 8,000 jobs as $145B AI push accelerates

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President Trump disclosed significant investments in tech stocks during Q1 2026, including shares of Amazon, Meta, Oracle, and Nvidia, totaling between $220 million and $750 million. His transactions included over 3,700 trades, with notable purchases and sales in the tech sector. The White House stated that Trump's assets are managed by a trust, asserting no conflicts of interest.

- President Donald Trump reported thousands of financial transactions valued between $220 million and $750 million during the first quarter of 2026, focusing heavily on tech stocks.  
- Key transactions included significant buys and sells of companies like Nvidia, Microsoft, and Amazon, with several overlapping news events potentially influencing stock prices.  
- The White House stated that Trump's assets are managed by a trust run by his children, insisting there are no conflicts of interest despite the requirement for transaction disclosure.

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Trump went big on tech stocks in first quarter of 2026, new filings show

Tian Yuandong, a former Meta researcher, co-founded Recursive Superintelligence, a start-up focused on self-improving AI systems, raising over US$650 million at a US$4.65 billion valuation. The company aims to automate AI development, a key goal in the industry. With offices in San Francisco and London, it has around 25 employees and is backed by major investors like Nvidia and AMD. Experts warn of the risks associated with such powerful technology, emphasizing the need for safety and alignment with human values.

- A former Meta researcher co-founded Recursive Superintelligence, focusing on self-improving AI systems and raising over US$650 million at a US$4.65 billion valuation.  
- The startup aims to automate AI research and development, a process viewed as the holy grail of AI innovation, potentially allowing rapid advancements compared to competitors.  
- Concerns exist regarding the risks of such AI systems, with experts warning about potential loss of human control and significant economic and social impacts.

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Ex-Meta Chinese star joins race for self-improving AI with US$4.6b start-up

Finally, some cheer to the markets!

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- U.S. stock index futures increased with Dow up 0.49%, S&P 500 up 0.70%, and Nasdaq up 0.82%.  
- Meta's shares rose 3% after it announced plans to cut 20% of its workforce amid rising AI-related costs, while Nvidia’s upcoming conference may bolster AI market confidence.  
- Despite gains in technology stocks, concerns about elevated crude prices and their economic impact remain a focus for investors.

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US STOCKS-Wall St futures rise as tech stocks gain; Middle East conflict in focus

I've lost thousands in a few minutes... The plunges came without warning.

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Tech giants, including Apple and Nvidia, lost over $500 billion in market value on Thursday due to Cisco's weak margin outlook and ongoing memory shortages. Apple's market cap fell by $200 billion, marking its worst single-day drop since Liberation Day. The decline was exacerbated by fears of AI disruption, with Cisco's earnings report revealing lower-than-expected gross margin guidance. Other companies like Tesla, Amazon, and Meta also faced significant losses, as rising input costs and supply chain issues compounded the sector's challenges.

- Wall Street faced a significant tech downturn on Thursday, resulting in a loss of over $500 billion in market value across ten major companies.  
- This decline affected both software and legacy hardware firms, with Cisco's earnings report acting as a key catalyst for the broader slump.  
- Factors contributing to the fall included concerns about AI disruption, supply chain issues, and disappointing margin guidance from Cisco despite beating revenue estimates.

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Apple, Nvidia And Other 8 Tech Stocks Just Wiped Out $500 Billion As A New Threat Emerges

After the Nasdaq recorded its second-largest single-day drop since the 'tariff panic' in April, it opened lower today and quickly fell below 21,000 points during the session. The technology sector, represented by artificial intelligence, has been sold off for two consecutive days.

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US tech stocks have fallen sharply for two consecutive days, with the Nasdaq dropping below 21,000 points. Has the 'August curse' arrived as expected?

GraniteShares 2x Long META Daily ETF(FBL.US)

Meta's 8,000 Job Cuts To Foot The $145B AI Bill

META Shifts 7,000 Workers into New AI Roles as Part of Major Shake-Up

AI TRENDS | Meta Introduces New AI Glasses Features for Enhanced Interaction

D-Day For "Huuuge" Meta Layoffs Looms As AI Job Apocalypse Accelerates

After being sold to Meta for $14 billion, Scale AI is actually thriving.